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Capital gains tax

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Capital gains tax
A capital gains tax (CGT) is a tax on capital gains, the profit realised on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realised from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.
last updated:
9 September, 2024
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